Spot Falls on Strong Renewable Output, Weaker Demand

Posted by Michelle HowardMay 9, 2014

Forecasts for lower consumption and strong renewable power output drove Central European day ahead power prices lower on Friday, traders said.

On regional exchanges, Czech and Slovak power for delivery on Thursday declined 18.3 percent to 23.51 euros ($32.59) per megawatt-hour (MWh) while the Hungarian equivalent fell more than 6 percent to 33.19 euros.

Wind power generation is forecast at around 8.6 gigawatts (GW) on Saturday and solar power output is seen at nearly 6 GW, Thomson Reuters Point Carbon data showed.

Further along the curve, the Czech front year contract gained 0.22 percent 33.73 euros and the Hungarian Cal '15 rose 0.24 percent to 42.50 euros in a slow trade on Friday.